Mercedes to Move U.S. Headquarters From New Jersey to Georgia

Mercedes-Benz USA confirmed the rumors on January 6 by officially announcing that the company’s headquarters will be moving from Montvale, NJ to Atlanta, GA.

The German automaker is one of the largest employers in Bergen County and second largest in Montvale.

The company told Patrick McGeehan, nytimes.com, that the move in July 2015 would affect about 1,000 jobs.

According to Assemblywoman Holly Schedpisi state officials attempted to deter executives of the automaker by offering considerable financial incentives to keep its headquarters in New Jersey. After turning down that undisclosed offer, Mercedes will join other large companies closing operations in the Northeast and moving to Southern state with lower costs, reported McGeehan.

A billboard in Berger County on Route 80 begged Mercedes-Benz to change their minds.

According to legislative staff in Trenton, Chris Christie has promised other large companies a total of nearly $1 billion a year as incentive to stay and continue employing New Jersey residents.

Corporate-relocation experts say that the incentive package Georgia offered Mercedes was worth as much as $50 million, McGeehan reported.